Form 4: Michael Novogratz Reports Charitable Gift of Galaxy Digital Stock
SEC Form 4 Filing
Michael Novogratz, CEO of Galaxy Digital, reports a charitable gift of 2,750,000 shares of Class B Common Stock to a Donor Advised Fund.
Summary
- Michael Novogratz, the CEO of Galaxy Digital Inc., filed a Form 4 on May 21, 2025, reporting a transaction that occurred on May 19, 2025.
- The transaction involved a charitable gift of 2,750,000 shares of Class B Common Stock to a Donor Advised Fund.
- The shares were given at a price of $0.
- Following the transaction, Novogratz indirectly beneficially owns 202,346,000 shares of Class A Common Stock through Galaxy Group Investments LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reporting a charitable donation. It doesn't inherently convey positive or negative sentiment from a financial perspective.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The charitable donation may have a minor positive impact on Galaxy Digital's reputation.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of the transaction (charitable gift of stock) |
| 05/21/2025 | Date the Form 4 was filed |
Keywords
Form 4, Galaxy Digital, Michael Novogratz, charitable gift, Class B Common Stock, Donor Advised Fund, beneficial ownership, securities, GLXY
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